TY - JOUR
T1 - Arrested development
T2 - The experience of European hard disk drive firms in comparison with US and Japanese firms
AU - Chesbrough, Henry
PY - 1999/8
Y1 - 1999/8
N2 - This paper analyses how US, Japanese, and European HDD firms responded to technological shifts in the hard disk industry from 1973 through 1996. Leading incumbent US HDD firms were frequently forced out of the market. Leading Japanese incumbent firms in the same industry, however, were not displaced by these changes. US startup firms thrived under these technological shifts, displacing US incumbent firms. Japanese startups did poorly. European firms encountered the worst of both worlds: its incumbent firms were frequently displaced by technological changes, as were US firms; while startup firms (with one exception) performed as poorly as those in Japan.
AB - This paper analyses how US, Japanese, and European HDD firms responded to technological shifts in the hard disk industry from 1973 through 1996. Leading incumbent US HDD firms were frequently forced out of the market. Leading Japanese incumbent firms in the same industry, however, were not displaced by these changes. US startup firms thrived under these technological shifts, displacing US incumbent firms. Japanese startups did poorly. European firms encountered the worst of both worlds: its incumbent firms were frequently displaced by technological changes, as were US firms; while startup firms (with one exception) performed as poorly as those in Japan.
KW - Comparative industry evolution
KW - Institutional economics
KW - Technological evolution
UR - http://www.scopus.com/inward/record.url?scp=0038851424&partnerID=8YFLogxK
U2 - 10.1007/s001910050085
DO - 10.1007/s001910050085
M3 - Article
AN - SCOPUS:0038851424
SN - 0936-9937
VL - 9
SP - 287
EP - 329
JO - Journal of Evolutionary Economics
JF - Journal of Evolutionary Economics
IS - 3
ER -